Japan's fiscal target pushed back to fiscal year 2027 - Reuters

Japan pushed back its projections for achieving a primary budget surplus by two years to the 2027 fiscal year, says Reuters. 

As per the latest forecasts, a primary budget surplus of JPY 800 billion or 0.1 percent of GDP is expected in 2027. The previous estimate had called for a primary surplus of 1.8 trillion yen or 0.2 percent of GDP in fiscal 2025.

 

PBOC sets the Yuan reference rate at 6.4112

The People's Bank of China set the Yuan reference rate at 6.4112 vs. Friday's fix of 6.4169. This is the strongest daily fix since Dec. 8, 2018, says
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EUR/USD: US government shut down, ECB, where now from here?

EUR/USD closed on Friday below the 4- hr 21 SMA located at 1.2237 at 1.2219 with strong offers in EUR/JPY. In Tokyo, EUR/USD is currently trading at w
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